...Los Angeles Stimulus Money
The controversial stimulus packages that President Obama pushed for to help retain and create jobs seems to have done exactly that. In Los Angeles $111 million in stimulus spending by the city's Department of Transportation and Department of Public Works found that the money went to projects that created or retained just 54 jobs. That works out to roughly $2 million per job. But wait there is more. $71 million was given to the Department of Public Works to fund 15 road projects and save or create 238 jobs, but it only managed to create 7.76 jobs, or about $10 million per job, and saved 37.7 jobs, well below the projected number. Some of the projects they completed were installing new LED light bulbs in traffic lights and installing 65 new left-turn arrows. Both projects came to $13 million total. Obviously the money was not spent or handled properly 
and it needs to be looked into deeper. The audits show that the money was spent on actual projects but they just spend too much money on the projects. I think hat sounds fishy... California has had a couple of smaller towns that had corrupt officials giving themselves annual salaries that rivaled and even surpassed the President's, who makes $400,000 as President and is the highest paid government official. I must give this a Digit Down. In the economy no government money should be wasted on silly things that could be held off for a better day.
The controversial stimulus packages that President Obama pushed for to help retain and create jobs seems to have done exactly that. In Los Angeles $111 million in stimulus spending by the city's Department of Transportation and Department of Public Works found that the money went to projects that created or retained just 54 jobs. That works out to roughly $2 million per job. But wait there is more. $71 million was given to the Department of Public Works to fund 15 road projects and save or create 238 jobs, but it only managed to create 7.76 jobs, or about $10 million per job, and saved 37.7 jobs, well below the projected number. Some of the projects they completed were installing new LED light bulbs in traffic lights and installing 65 new left-turn arrows. Both projects came to $13 million total. Obviously the money was not spent or handled properly 
and it needs to be looked into deeper. The audits show that the money was spent on actual projects but they just spend too much money on the projects. I think hat sounds fishy... California has had a couple of smaller towns that had corrupt officials giving themselves annual salaries that rivaled and even surpassed the President's, who makes $400,000 as President and is the highest paid government official. I must give this a Digit Down. In the economy no government money should be wasted on silly things that could be held off for a better day.
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